What's a Cent Account in Forex Trading? - Cent Account Definition in Forex

What is Cent Account Forex? - What is Cent Forex Trading Account?

What's Cent Forex Account? - Cent Account Definition - the definition of a forex Cent account is an account type where forex traders open trades using Cent lots. 1 Cent lot is the equivalent of 100 Units of the base currency.

The Cent forex account allows many retail forex traders to access the forex market because with this account forex traders can trade smaller forex lots known as Cent lots therefore capital needed to open this Cent forex account is not a lot as that required for opening a standard forex account.

The Cent lot is equal to one tenth of Micro forex lot.

For Cent lot the pip value per trade is equal to $0.01 or 1 Cent